The Global Investment Performance Standards (GIPS) releases new guidance to help hedge funds and other alternative investment strategies and structures apply the GIPS standards. Read more
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- Alternative Investments
- Americas
- Asia Pacific
- Asset Manager Code of Professional Conduct
- Auditors
- Boards of Directors
- Corporate Finance
- Corporate Governance
- Credit Rating Agencies
- Derivatives
- Economics
- EMEA
- Equity Investments
- ESG
- European Commission
- European Regulatory Reform
- Executive Compensation
- Fair Value
- FASB
- Fiduciary Duty
- Financial Reporting
- Financial Statement Analysis
- Global Investment Performance Standards (GIPS®)
- IASB
Americas
10 Posts
Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ? Read more
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Auditors
5 Posts
The PCAOB recently updated its 2009 and 2010 inspection reports for PricewaterhouseCoopers (PwC) covering audit years 2008 and 2009. Originally, the PCAOB identified quality control deficiencies associated with those audit years and gave PwC 12 months from the date of each report to implement corrective action. Read more
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Boards of Directors
56 Posts
The 21 May JPMorgan annual meeting is fast approaching, and it will feature a contentious shareowner proposal that calls for the separation of chairman of the board and CEO roles. In this post we will take a look at the corporate governance issue that is dominating the headlines. Should a public company separate the role of chairman and CEO? Read more
6 CommentsCorporate Finance
1 Post
Corporate Governance
84 Posts The 21 May JPMorgan annual meeting is fast approaching, and it will feature a contentious shareowner proposal that calls for the separation of chairman of the board and CEO roles. In this post we will take a look at the corporate governance issue that is dominating the headlines. Should a public company separate the role of chairman and CEO? Read more
6 CommentsCredit Rating Agencies
10 Posts
The drama now playing out in the LIBOR-fixing scandal appears to catching stride. I ran across an excellent New York Times DealBook post recapping the state of play and what large banks, I think sixteen in total, are likely to encounter in the weeks and months ahead as the grip of regulatory reckoning fully takes hold. Read more
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Derivatives
25 Posts“While exchanges have a responsibility to provide fair and equal access to all market participants without violating public interest responsibility, they are dependent on a responsible financial ecosystem of lawyers, consultants, advisers, accountants, and managers of listed companies to avoid fraud by listed companies,” TMX Group CEO Thomas Kloet said recently at a program on “The Future of Exchanges.” Read more
Leave a CommentEconomics
43 Posts The 21 May JPMorgan annual meeting is fast approaching, and it will feature a contentious shareowner proposal that calls for the separation of chairman of the board and CEO roles. In this post we will take a look at the corporate governance issue that is dominating the headlines. Should a public company separate the role of chairman and CEO? Read more
6 CommentsEMEA
89 Posts
Since the publication of the U.K.’s Wheatley Review in late September, which heralded the beginning of the reform process to fix the scandal-plagued LIBOR benchmark, a swath of regulatory initiatives has been launched. Read more
Leave a CommentEquity Investments
7 Posts
By now you have probably heard that Dell founder Michael Dell is looking to take his eponymously named company private with the help of private equity firm Silver Lake Partners. The size of the deal, at $24.4 billion, has caught the imagination of the financial media as it would represent the largest private equity buyout since the financial crisis. Read more
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ESG
5 PostsThe inclusion of environmental, social, and governance (ESG) factors in the investment process is gaining more and more traction in global markets. Read more
Leave a CommentEuropean Commission
32 Posts Since the publication of the U.K.’s Wheatley Review in late September, which heralded the beginning of the reform process to fix the scandal-plagued LIBOR benchmark, a swath of regulatory initiatives has been launched. Read more
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European Regulatory Reform
37 Posts Since the publication of the U.K.’s Wheatley Review in late September, which heralded the beginning of the reform process to fix the scandal-plagued LIBOR benchmark, a swath of regulatory initiatives has been launched. Read more
Leave a CommentExecutive Compensation
45 Posts
From plans to develop a national securities regulator in Canada and emerging executive-pay-plan voting rights in Germany to analyzing the independence of independent directors in Spain, it’s time to span the corporate governance globe to review important developments from the month of March.
Leave a CommentFair Value
9 Posts
In October 2011 the Financial Accounting Standards Board (FASB) issued proposed guidance on how to value investment properties. But instead of providing guidance on how to measure investment properties held by any entity, the FASB created a new type of entity — the so-called “investment property entity” (IPE). Read more
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FASB
26 Posts
Currently there are initiatives underway to create an overarching framework to improve financial statement disclosures. The “disclosure framework” is intended to help enable companies communicate more effectively with investors, eliminate redundancy, and move away from what some assert has become a compliance exercise. Read more
Leave a CommentFinancial Reporting
53 Posts Currently there are initiatives underway to create an overarching framework to improve financial statement disclosures. The “disclosure framework” is intended to help enable companies communicate more effectively with investors, eliminate redundancy, and move away from what some assert has become a compliance exercise. Read more
Leave a CommentFinancial Statement Analysis
28 Posts Currently there are initiatives underway to create an overarching framework to improve financial statement disclosures. The “disclosure framework” is intended to help enable companies communicate more effectively with investors, eliminate redundancy, and move away from what some assert has become a compliance exercise. Read more
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During a speech at the RCA’s 2013 program on regulation, operations, and compliance, SEC commissioner Luis Aguilar highlighted the importance of compliance practices being developed and maintained in the interest of investors. Read more
Leave a CommentIASB
26 Posts
As the economic crisis play out in Europe, an important question for investors is how sovereign debt exposure may have affected the recently reported performance of systemically important banks.
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IFRS
18 Posts It remains challenging for investors to fully anticipate the consequences of forthcoming bank regulatory requirements, especially across interrelated strands of regulation. A case in point is a Basel III requirement eliminating filters relating to financial reporting information. Read more
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Insider Trading
21 Posts
I was at the Court of Final Appeal in Hong Kong on 30 April to witness the SFC win over Tiger Asia Management LLC in a landmark ruling. In dismissing Tiger Asia’s appeal, the court upheld the SFC’s right to seek remedial orders and injunctions in relation to the insider dealing case. Read more
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Investment Topics
3 Posts Currently there are initiatives underway to create an overarching framework to improve financial statement disclosures. The “disclosure framework” is intended to help enable companies communicate more effectively with investors, eliminate redundancy, and move away from what some assert has become a compliance exercise. Read more
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What’s going on with the spontaneous move to occupy major financial centers? Is this the last gasp of disgust over the global financial crisis of 2008-09, or is it the first shot in a whole new war against finance? There’s … Read more
11 CommentsMarket Structure
22 Posts From the state of corporate governance in Asia and integrated reporting globally to the United Kingdom’s launch of two new regulators in place of the Financial Services Authority (FSA), it’s time to span the corporate governance globe to review important developments from the month of April. Read more
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MiFID
5 Posts
The regulatory response to automated trading is stepping up with various initiatives globally to limit the propensity for errant technology to cause market instability. Such initiatives include tightening up controls over algorithms via more frequent and robust testing, regulatory authorisation and oversight, curbs on unfiltered electronic access to markets (such as by banning “naked” sponsored access), and more sophisticated circuit breakers to halt excessive trading volatility. Read more
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PCAOB
7 Posts
Will the alleged insider trading scandal involving ex-KPMG partner Scott London compel the Public Company Accounting Oversight Board to finally require disclosure of the lead partner on public company audits? Read more
10 Comments
Pension Trustee Code
3 Posts
A recent publication by Muel Kaptein, partner at KPMG and professor in business ethics at Erasmus University’s Rotterdam School of Management, compiles insights from a wide range of research and experiments to explore why individuals are led astray from their ethical foundations. Read more
1 Comment
The basic principle and fundamental motivation in creating the GIPS standards — now officially adopted in 35 countries around the globe — is investor protection, and empowering those who advise investors with the key elements to analyze investment performance results in a comparative method. Read more
2 CommentsPortfolio Management
1 Post
Due to Japan’s suffering economy and the problem arising from underfunded pension funds, large funds in Japan are being forced to rethink their portfolio management approach. Read more
Leave a CommentProxy
18 Posts From plans to develop a national securities regulator in Canada and emerging executive-pay-plan voting rights in Germany to analyzing the independence of independent directors in Spain, it’s time to span the corporate governance globe to review important developments from the month of March.
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Risk Management
1 PostShort Selling
3 Posts
Over the past couple of years, short seller Muddy Waters LLC and similar research firms have broken out from obscurity by exposing alleged fraud and false accounting in companies like Sino-Forest, Focus Media Holding, Orient Paper, China MediaExpress, and others. Read more
6 CommentsShort-termism
7 PostsJohn Rogers, CFA, president and CEO of CFA Institute, recently discussed shareholder responsibility in an interview with Bloomberg TV’s “The Pulse.” Read more
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Sovereign Debt
20 Posts As the economic crisis play out in Europe, an important question for investors is how sovereign debt exposure may have affected the recently reported performance of systemically important banks.
Read more
Standards of Practice
45 Posts
Retail investors may have been victims of another Madoff-style scam—this time with a Las Vegas-based company MRI International. There are signs that suggest the Japanese subsidiary of MRI International had sold around US $1.3 billion worth of investment products that were meant to provide income on U.S. medical fee receivables to Japanese retail investors. Read more
2 CommentsSystemic Risk
71 Posts Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ? Read more
Leave a CommentSystemic Risk Council
12 Posts
At the recent CFA Institute Global Investment Risk Symposium, a panel of well-known experts discussed systemic risk and the current state of the industry and concluded that not all is well, yet. Read more
Leave a CommentU.S. Regulatory Reform
68 Posts Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ? Read more
Leave a CommentU.S. SEC
78 Posts During a speech at the RCA’s 2013 program on regulation, operations, and compliance, SEC commissioner Luis Aguilar highlighted the importance of compliance practices being developed and maintained in the interest of investors. Read more
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Uncategorized
2 Posts
EU regulator ESMA recent published rules overhauling ETF and UCITS rules. Graziella Marras examines how the regulations benefit investors. Read more
Leave a CommentXBRL
5 Posts Many regulators continue to evaluate and adopt XBRL requirements, while others struggle with the errors included in submissions. Many public companies continue to see XBRL as a cost, while some are recognizing benefits of internalization of tagging. Read more
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